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NBS ends SKK coin exchange

THE NATIONAL Bank of Slovakia (NBS) oversaw a total of 766 exchanges of former Slovak koruna coins on January 2, which was set as the deadline for the currency exchange carried out by the NBS, the TASR newswire reported in early January.

THE NATIONAL Bank of Slovakia (NBS) oversaw a total of 766 exchanges of former Slovak koruna coins on January 2, which was set as the deadline for the currency exchange carried out by the NBS, the TASR newswire reported in early January.

Since the adoption of the euro in January 2009, the NBS carried out exchanges of a total of 238.4 million pieces of Slovak koruna coins to the tune of nearly 755 million Slovak crowns (approximately €25 million). In 2013 alone the central bank exchanged 1.8 million pieces of Slovak koruna coins, with more than one half of the volume exchanged in December 2013.

About 390.5 million pieces of Slovak koruna coins, which represent some 1,400 tonnes and account for 716.5 million Slovak crowns (€24 million), still remain in circulation.